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I thought pg once said that there is no limit on the number of groups they can fund in a cycle. I'll post a reference link if I find one.

Update:

http://news.ycombinator.com/item?id=31153

http://news.ycombinator.com/item?id=9066

[ thanks to http://www.searchyc.com ]

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There's no limit on the percentage of groups we interview that we can accept, but there is a limit on the number we can interview.

So this is the first scalability bottleneck you have hit?

It's the current one. There have been others we hit and overcame. We used to review applications printed out on paper, for example; now we have software for it.

We also have software for keeping track of all the startups, for communicating with them, and for generating all the documents for startups we fund. We'd have ground to a halt by now without these apps.

And Software do decide who gets accepted of not. :-)

Any thoughts on how to overcome this one?

Perhaps try to achieve better ranking before interviews? You might do psychological profiles or tests to estimate technical ability.

applying programming-talk to startup interviewing...:)

This is about the limit on interviewing, not funding. Maybe the selection process after the interviews _is_ "like a grade in a class."

Yes, and at that stage we do give detailed, individual feedback to everyone.

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